Exhibit 12.1

Lowe’s Companies, Inc.

Statement Re Computation of Ratio of Earnings to Fixed Charges

In Millions, Except Ratio Data

	Fiscal Years Ended On										Six Months Ended
	January 28,		February 3,		February 2,		February 1,		January 30,		August 1,		July 31,
	2005		2006		2007		2008		2009		2008		2009
Earnings:
Earnings Before Income Taxes	$	3,520	$	4,496	$	4,998	$	4,511	$	3,506	$	2,470	$	1,976
Add: Fixed Charges		310		340		344		424		479		245		234
Less: Capitalized Interest		(28)		(28)		(32)		(65)		(36)		(15)		(8)
Adjusted Earnings	$	3,802	$	4,808	$	5,310	$	4,870	$	3,949	$	2,700	$	2,202
Fixed Charges:
Interest Expense(1)	$	220	$	231	$	238	$	301	$	346	$	178	$	166
Rental Expense(2)		90		109		106		123		133		67		68
Total Fixed Charges	$	310	$	340	$	344	$	424	$	479	$	245	$	234

Ratio of Earnings to Fixed Charges  12.3  14.1  15.4  11.5  8.2  11.0  9.4

(1) Interest accrued on uncertain tax positions is excluded from Interest Expense in the computation of Fixed Charges.

(2) The portion of rental expense that is representative of the interest factor in these rentals.